BlackRock Trading Operations - Associate

  • Competitive
  • Wilmington, DE, USA
  • Permanent, Full time
  • BlackRock
  • 01 Oct 16

BlackRock Trading Operations - Associate

Technology & Operations

Investment Operations: Is responsible for the development of the firm's operating infrastructure to support BlackRock's investment businesses worldwide. IO establishes and coordinates operational processes and procedures internally and externally with clients, custodians, prime brokers, broker-dealers and other vendors and is responsible for managing BlackRock's broker-dealer and custodian bank relationships.

Team Overview

Trade Operations: The Trade Confirmation Team is responsible for the affirmation, confirmation and settlement of transactions with counterparties and custodians. General functions include the research and resolution of exceptions and DK's, communication of trade details and allocations to counterparties, custodians and fund accountants, and processing of TBA allocations. Day to day management of dealer and custody relationships is a key focus as well as fostering globally consistent trade confirmation and processing, enhancing operational control and reporting, eliminating risk and servicing internal and external constituents to re-affirm expectations and deliver superior client service.

Role Responsibility

Associate: We are seeking a professional (2 to 5 years experience) who wants to take the next step in their career. The ideal candidate will be someone with a strong operational background and the ability to multi-task. This ideal individual will be someone with working knowledge of the trade confirmation and settlement processes.

Responsibilities:
• Confirm and affirm transactions with counterparties across all product sectors.
• Route trade details/ portfolio allocations & receive written or electronic trade confirmation from counterparties daily.
• Process MBS TBA pool allocations.
• Resolve DK's, fails and exceptions.
• Coordinate with dealer community on STP efforts to further automate confirmation process.
• Maintain awareness of industry changes and their impact on the confirmation process.

Experience

Skills and Qualifications:
• Bachelors Degree in Finance or similar concentration required.
• Understanding of financial markets and related instruments.
• Solid working knowledge and understanding of trade processing, settlement processes and systems, e.g. CTM, Domestic Oasys, MarketAxess, Tradeweb, FXall, FIX, MT300, Bloomberg.
• Team player with excellent attention to detail, problem solving / analytical abilities, research skills and willingness to learn.
• Excellent communication skills.

Manager Comments

Other

- Travel : No
- Direct Reports: No
- Licenses: No